On July 31, 2023, the Teachers’ Fund Secretariat issued a significant announcement regarding misinformation circulating among its members. Representatives from certain companies claiming to be intermediaries between the Fund and its members have reportedly been spreading misleading information.
The Teachers’ Fund has long been an essential source of financial support for educators, empowering them during times of need. It symbolizes the collective commitment to uplift the teaching community and foster a thriving educational environment.
The Fund Secretariat has received reports of certain representatives making unsubstantiated claims to GNAT/TF members.
Misleading suggestions
Halt on New Loans
According to the misinformation, the Fund has ceased granting new loans to its members. However, this claim is entirely untrue. The Fund remains dedicated to providing financial assistance to eligible members as before.
Exclusive Focus on Loan Refinancing
The false information states that the only way to access funds from the Fund Secretariat is through refinancing existing loans. In reality, members have various avenues to apply for new loans tailored to their individual requirements.
Paying Off Loans for New Loan Access
Representatives are suggesting that acquiring a new loan is contingent on paying off the current loan balance with cash. Such a requirement is not part of the Fund’s loan application process.
Unverified Assistance Offers
Some individuals are claiming they can expedite loan processing by charging a fee of 10% of the loan amount. It’s essential for members to know that such practices are not endorsed by the Teachers’ Fund and could compromise their financial security.
To ensure the safety and authenticity of all Teachers’ Fund transactions, the Fund Secretariat urges its members to take the following precautions:
Precautions
Official Channels Only
Members are advised to conduct all Teachers’ Fund-related business exclusively through their GNAT District Secretariats or the Teachers’ Fund Secretariat. These official channels guarantee reliable and secure service.
Verify the Source
Be cautious of unsolicited communications or offers that promise to expedite loan processing for a fee. For any clarifications or concerns, members should reach out to their District GNAT Secretariat or directly contact the Teachers’ Fund at 0302429888.
For further updates and inquiries, members are encouraged to stay connected with the Teachers’ Fund Secretariat and their GNAT District Secretariats.
Source: GESHub.org
